00:00All right staying in the airline sector here we did have some news on spirit airlines ticker save
00:08Someone came in and tried to save save here spirit. Airline shares are trading higher at the company extended is debt
00:15refinancing deadline, so
00:18You know spirit was up against the clock for this debt refinancing got an extension on it
00:22The stock actually traded up a to $2 and 40 cents this or what? Was that?
00:57stories and strong stocks as opposed to trying to buy bad stocks and bad
01:04stories and that's what Save and Boeing, that's all part of the same thing. I mean
01:09you just think about how strong this market has been. The turnaround story,
01:12everybody likes a good turnaround story, everybody wants a good turnaround story
01:16but they're the toughest things to trade, they're the toughest things to time.
01:20Sometimes the stories turn around, sometimes they never turn around but you
01:23just see the stock and it's just a disaster and they're teetering with
01:26bankruptcy and yeah they're gonna get some help here now, maybe they're not
01:29gonna go bankrupt but maybe they are still gonna go bankrupt. There's a lot
01:33of things to worry about here. I let it be somebody else's worry. I don't need
01:37to worry about this. I have enough worries, I don't need to worry about SAVE.
01:41Okay, a couple things here and we talked about this last week or whenever when
01:48it had the big dip. It's like what are you doing at $1.50 on something?
01:52Are you shorting it? Oh yeah, I got a $1.50 on the bone here, this company is worthless,
01:58they're going under. No, no, I mean if anything and not for a long-term trade
02:03but you look at it you know and say well you know if I buy X amount of shares
02:07here at $1.50 and it goes to zero then I lose, then I lose my money, right?
02:13If a lot of people are probably just in for that for the trade, you know even
02:18some hedge funds or you know big traders, you know look at the volume this thing
02:22trades, you know it trades monster volume. They're like hey let's get long
02:25five million save and if it you know if it goes up to two bucks, who cares if
02:31they're going bankrupt? We'll unload it and I think that's you know different
02:34kind of traders. So man that big old pop to $2.50 here, wow! $2.51 to $0.50 off that.
02:42Huge percentage moves here. I'm just looking at this two bucks. If there's
02:46like hope for this company and things are gonna come through and they're gonna
02:51get refinanced and you know people are actually gonna, I mean their seats are so
02:55small. I don't know who builds their airplanes. Dennis, remember when we flew back from
02:59New York at one time on Spirit? I mean basically I don't have the widest front
03:04seat. That's why they sell the big front seat. Yeah, yeah. So let's see if we can
03:09establish you know a strong $2 bid. I mean too bad they didn't let this company
03:14get, I mean JetBlue we talked about that. I mean you know the merger I don't know
03:18obviously that's off the table. No one's gonna go back to that but yeah let's
03:22uh you know let's let's hold those games. I'd love to see it go back to $2.50 for
03:26shareholders but right now let's see if you can even hold a $2 bid. Right now
03:31it's a battle of the algos there. Better stories out there.
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